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FOX News
Sep 29, 2012 10:00am PDT
now, the commerce department says that people are spending more and that's good news. and many of us are spending more at the gas pump. because of the higher gas prices, people are selling out more to fill our cars and what does it mean for our economy? jonathan hoenig from capitalist pig hedge fund and cashin' in. >> great to be with you. >> kelly: a mixed bag, on one hand the consumer spent more in august, but most went to pay gas prices a he we talked about and apparently the americans are not spending as much, what concerns about saving more and spending less. >> spending, consumption itself is not inherently a good sign. keep in mind, that was the justification for the stimulus that we spent. we want people spending more, that's gone down the drain. in actuality, consumption is the end of the productive cycle, the wealth is consumed and there's no more of it. we should be looking for any growth in the economy is some signs of production. people making more investments and hiring and that worries me, is that the long-term economic indicator. i'm not a hater. i want positive si
Search Results 0 to 1 of about 2 (some duplicates have been removed)